Increment definition

Increment means twelve (12) months of service credit which are purchased. The
Increment means twelve (12) months of service credit which are purchased. The twelve (12) months need not be consecutive. The final increment may be less than twelve (12) months;
Increment means that part of the assessed value of a taxing district attributable to any increase in the assessed value of the property located in an urban renewal area, or portion thereof, over the assessed value specified in the certified statement.

Examples of Increment in a sentence

  • Electronic- 1st Increment al Charge - Manual Svc Order vs.Electronic-Add'l Incrementa l Charge - Manual Svc Order vs.

  • Subject to the limitations contained in the Notes, the City hereby pledges to the payment of (i) the Phase I Note and the Phase 2 Note, the Available Tax Increment, and (ii) the Additional Phase 2 Note, the Remaining Available Tax Increment, generated from the applicable Property and completed Improvements.

  • Nor is the City warranting that it will have throughout the term of this Agreement and the Notes the continuing legal ability under State law to apply Available Tax Increment to the payment of the Phase 1 Note and the Phase 2 Note, or Remaining Available Tax Increment to the payment of the Additional Phase 2 Note, which continued legal ability is a condition precedent to the City's obligations under the Notes.

  • Each Applicable Developer acknowledges that the City has made no warranties or representations to the Developer as to the amounts of Tax Increment that will be generated or that the Available Tax Increment will be sufficient to pay the Phase 1 Note or Phase 2 Note, or the Remaining Available Tax Increment will be sufficient to pay the Additional Phase 2 Note, in whole or in part.

  • Tax Increment received by the City in any year in amounts in excess of Available Tax Increment and Remaining Available Tax Increment shall be the City's property and the City shall be free to use such excess Tax Increment for any purpose for which such Tax Increment may be used under the Tax Increment Act.


More Definitions of Increment

Increment means the amount per annum provided as a rate of increase in the applicable salary payable to any eligible employee, which unless the context of the relevant approved pay range otherwise clearly indicates, may be granted annually on the applicable anniversary dates.
Increment means for all Employees an increase in salary from one Paypoint to the next highest Paypoint.
Increment or “pay increment” is a salary increase from one salary step to the next higher step in the range of rates for any one of the classification levels in the Schedule of Pay (« augmentation » ou « augmentation de traitement »);
Increment means an annual salary increase prescribed by a previous award.
Increment means the difference between one (1) step of an employee’s assigned pay range and the immediate next greater step of the same pay range.
Increment means the specific level of remuneration payable to employees above the minimum rate within a Classification Level.
Increment means an increase in the rate of pay for an employee to the next higher rate of pay in the pay range for the employee’s classification.